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Over a decade ago, Brother Kyle Schoeder ‘00 started a business selling “barber quality” shaving cream and male grooming products that combine an old-fashioned feel with quality and accessibly priced products. We profiled his business, Cremo, way back in 2011, right HERE. Now he’s just sold his business to the billion-dollar company Edgewell Personal Care for $235 million. Congrats to Brother Kyle on his successful business!  

From Glossy’s article on the sale: 

“...despite its subdued approach, the brand has been busy. The Laguna Beach, California-based brand, founded by Mike Boone and Kyle Schroeder, launched with a shaving cream in 2005. Matthew Biggins, Cremo CEO, joined in 2015. At the time, the brand was doing $2.5 million in sales, he told Forbes in 2019. Since then, the brand has expanded to face products, beard care, body products, shampoo and, most recently in March, hair dye. It did $75 million in 2018 sales, according to a brand press release.” 

To read the full story click HERE.